Sweden’s excellence in green economy is evident in its national policies, goals and investments. In the last few years, the current coalition government of the country has established an ambitious program which aims to lead the transition towards a green economy in Europe and in the world.
The country aims to become of the one world’s first nations to end its dependence on fossil fuels and has increased its budget for solar energy investments by 800 percent. Its capital Stockholm has set a goal to be powered only by sustainable energy sources by 2050. The race to zero emissions has spurred on a number of Swedish businesses that are responding with green innovation.
This year, Sweden has again reached the top rank of Dual Citizen’s Global Green Economy Index (GGEI), highlighting the country’s commitment to environmental conservation, climate resilience, inclusive job creation, and gender equality.
Since 2010, the international consulting agency Dual Citizen, has published its GGEI providing a data-driven analysis of the performance of 80 countries and how expert practitioners rank the performance. The index highlights the countries that are making progress towards green economy and the ones that are missing opportunities to capture benefits from a transition to a green economy.
This year, Sweden received a higher score for its performance compared to 2015. This achievement is not the first time for Sweden: the country was on the number one rank in 2014 because of its strong performance on both the economic and environmental areas of the GGEI, along with consistent green leadership.
The GGEI suggests a few areas for Sweden to maintain and increase its performance of green economy, such as clean technology innovation, green branding, and carbon efficiency. United States, Japan, and South Korea are examples of countries who are leading on such fields.
The top five positions on both performance and perception index are dominated by Nordic countries such as Sweden, Norway, and Switzerland. Developing countries such as Ethiopia, Zambia, and Brazil – one of the new PAGE countries – performed well this year. While no Asian countries toped the ranks this year, China, and Mongolia and Kyrgyz Republic, all PAGE countries, are demonstrating leadership and excellence in pursuing a green economic agenda in Asia and at the global level.
The GGEI has highlighted the Sweden’s leadership role, as well as Germany, Norway and Switzerland, all supporters of the Partnership for Action on Green Economy. As key PAGE funding partners, these countries, among others, are ensuring that its national greening efforts catalyze the global transition to an inclusive green economy.
Image: tsaiproject, Flickr